BSE Midcap index shed 0.7% and Smallcap indices declined 0.4%. Among sectors, except consumer durables, IT all other sectoral indices ended in the red with realty, telecom, pharma, realty, oil & gas, media, PSU Bank, auto down 0.3-2%. Tata Motors, UltraTech Cement, Jio Financial, ONGC, NTPC were among major losers on the Nifty, while gainers were Titan Company, Infosys, TCS, Tech Mahindra and Bharti Airtel.
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Closing Bell: Sensex down 153 pts, Nifty below 25,050; IT shines ahead of TCS earnings
BSE Midcap index shed 0.7% and Smallcap indices declined 0.4%. Among sectors, except consumer durables, IT all other sectoral indices ended in the red with realty, telecom, pharma, realty, oil & gas, media, PSU Bank, auto down 0.3-2%. Tata Motors, UltraTech Cement, Jio Financial, ONGC, NTPC were among major losers on the Nifty, while gainers were Titan Company, Infosys, TCS, Tech Mahindra and Bharti Airtel.
Market Close | Nifty below 25,050, Sensex falls 153 points
Indian benchmark indices ended lower with Nifty at 25,050 on October 8. At close, the Sensex was down 153.09 points or 0.19 percent at 81,773.66, and the Nifty was down 62.15 points or 0.25 percent at 25,046.15.
We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.
Ajit Mishra – SVP, Research, Religare Broking
Markets traded sideways on Wednesday and ended with a mild downtick, taking a breather after the recent surge. After a quiet start, the Nifty moved within a narrow range for most of the session and eventually settled near the day’s low at 25,046.15. On the sectoral front, most sectors, barring IT, closed lower, with realty and auto among the top losers. The broader indices also lost nearly half a percent each, mirroring the overall sectoral weakness.
With the earnings season underway, focus now shifts to TCS’s quarterly results, scheduled for Thursday, October 9. As IT remains one of the lagging sectors, market participants will closely watch how sentiment evolves post its numbers.
On the index front, indications point toward further consolidation, albeit with a positive bias. We continue to maintain a “buy on dips” strategy and recommend focusing on opportunities with a favorable risk-reward setup, particularly within sectors showing consistent relative strength such as auto, metals, and PSUs, while remaining selective in others.
Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities
Indian equity benchmark indices Nifty and Sensex formed a small body candle with long upper shadows on the daily chart for the second consecutive day, reflecting selling pressure at the higher levels.
Nifty IT was the only sector to close in green amongst the sectoral indices. On the other hand, Nifty Realty ended up as the top sectoral loser, followed by Nifty Media and Nifty Auto which ended lower in the range of 1.6-1.8%. From Nifty space, Titan & Infosys ended up as the top gainers, while Tata Motors and M&M emerged as the top two losers.
Broader Indices also witnessed profit booking and closed in red after giving positive close in the last four trading sessions. The Midcap 100 Index & Smallcap 100 Index ended 0.73% and 0.52% lower respectively. The advance-decline ratio was skewed in the favour of the bears. A total of 355 stocks out of the Nifty 500 closed in the red.
Nifty View
On Tuesday, Nifty had formed a Shooting Star-like pattern which signalled profit booking after a sharp 600-point rally. In today’s session, the index failed to close above the key 61.8% Fibonacci retracement zone of 25,110–25,120 derived from the prior down move (25,449 to 24,611), indicating hesitation near crucial resistance levels.
The RSI has plateaued over the last three sessions, suggesting a slowdown in bullish momentum. However, Nifty continues to trade above the midline of the Bollinger Band and key moving averages, highlighting that the broader trend remains constructive. Overall, the index seems to be in a consolidation phase within its ongoing pullback rally.
Looking at key levels, the 25,150–25,200 zone will act as an immediate resistance for the Index. If the index manages to give a follow through move above the level of 25,200, the pullback can continue further till 25,300 level. While, on the downside, the zone of 24,950-24,900 will act as a crucial support for the Index.
Bank Nifty View
Bank Nifty witnessed a brief pause in momentum after a strong six-session rally, ending the day marginally lower by 221 points at 56,018. The index faced resistance near the upper band of the Bollinger Band, prompting profit booking from higher levels. However, the prior swing high zone around 55,850–55,800, acted as a solid support, helping it recover from intraday lows.
Structurally, the trend remains positive as the price continues to trade well above its key moving averages (20, 50, 100, and 200 EMA). The RSI is comfortably placed above 60, reflecting sustained bullish strength, while the MACD’s positive histogram bars indicate underlying momentum still favours buyers.
Looking at key levels, the 56,200–56,300 zone will act as an immediate resistance for the Index. If the index manages to give a follow through move above the level of 56,300, the pullback can continue further till 56,700 level. While, on the downside, the zone of 55,900-55,800 will act as a crucial support for the index.
Abhinav Tiwari, Research Analyst at Bonanza
Today, the Indian stock market closed on a negative note, with the Sensex down about 151 points and the Nifty 50 closed near 25,046 levels. The market gave up early gains as selling pressure prevailed in sectors such as Auto, realty, pharma, oil & gas, media, and PSU banks, which declined by 0.70% - 1.88%. Key laggards included Tata Motors, UltraTech Cement, Jio Financial, ONGC, and NTPC. On the other hand, the IT sector stood out positively, with stocks like Infosys, TCS, Tech Mahindra, and Bharti Airtel managing gains and supporting the index from falling further.
The midcap and small-cap indices also closed lower, reflecting broader market weakness and selective profit booking.
The market closed lower mainly because of weak global trends and pressure in some domestic sectors. While IT stocks held steady, losses in real estate and banking dragged the market down. Earlier gains faded as mixed earnings reports and caution ahead of key economic data and policy updates made investors hesitant. We are now waiting for upcoming company results and economic numbers, especially with global inflation worries and geopolitical tensions in the background.
Looking ahead, market expectations center on a cautiously optimistic stance. We are anticipating clarity from upcoming earnings releases and RBI’s monetary policy signals, along side monitoring global economic cues and geopolitical developments. While cautiousness prevails, sectors with robust fundamentals and growth visibility, especially IT, consumer durables, and select financials, may garner interest with potential rotation away from beaten-down segments like realty and PSU banks.
Vinod Nair, Head of Research, Geojit Investments
National indices witnessed a volatile session, tempered by profit booking after a sharp rally. Investor caution dominated ahead of the Q2 earnings season, as market participants reassessed valuations and growth prospects. Sectoral trends were mixed — IT stocks outperformed on resilient demand and attractive valuations, while Auto, Banking, and FMCG faced profit-taking pressure.
Heightened global uncertainties and the ongoing US government shutdown drove gold to a historical high, reflecting elevated risk aversion. Attention now turns to the September FOMC minutes for signals on the Fed’s policy stance. Going forward, while global developments remain relevant, market focus is likely to shift toward domestic earnings, macroeconomic data, and the upcoming festive season.
Currency Check | Rupee closes flat
Indian rupee ended flat at 88.79 per dollar on Wednesday versus previous close of 88.78.
Market Close | Sensex down 153 pts, Nifty at 25,050; IT shines ahead TCS earnings
Indian benchmark indices ended lower with Nifty at 25,050 on October 8.
At close, the Sensex was down 153.09 points or 0.19 percent at 81,773.66, and the Nifty was down 62.15 points or 0.25 percent at 25,046.15. About 1697 shares advanced, 2297 shares declined, and 138 shares unchanged.
BSE Midcap index shed 0.7% and Smallcap indices declined 0.4%.
Among sectors, except consumer durables, IT all other sectoral indices ended in the red with realty, telecom, pharma, oil & gas, media, PSU Bank, auto down 0.3-2%.
Tata Motors, UltraTech Cement, Jio Financial, ONGC, Trent were among major losers on the Nifty, while gainers were Titan Company, Infosys, TCS, Tech Mahindra and Max Healthcare.
Sensex Today | Pace Digitek secures Rs 185.87cr operation & maintenance order from Tata Teleservices
Pace Digitek has received Operation and Maintenance (O&M) contract valued at Rs 185.87 crore from M/s Tata Teleservices Limited starting Oct’2025.
Pace Digitek was quoting at Rs 215.35, up Rs 5.90, or 2.82 percent.
It has touched an intraday high of Rs 222.70 and an intraday low of Rs 210.00.
In the previous trading session, the share closed down 3.70 percent or Rs 8.05 at Rs 209.45.
The share touched a 52-week high of Rs 231.00 and a 52-week low of Rs 206.90 on 06 October, 2025 and 06 October, 2025, respectively.
Currently, the stock is trading 6.77 percent below its 52-week high and 4.08 percent above its 52-week low.
Market capitalisation stands at Rs 4,648.36 crore.
Sensex Today | Nomura keeps ‘neutral’ rating on Tata Motors, target price at Rs 732
#1 Q2FY26: JLR EBIT margin around 1 percent
#2 Volume disruption may cut JLR FCF by GBP 750 million, recovery expected with production
#3 JLR EBIT margin could drop to 0.9 percent in Q2FY26
#4 Stock trades at 4.9x FY27 EV/EBITDA
Sensex Today | Nomura keeps 'neutral' rating on Indraprastha Gas, 'buy' on Mahanagar Gas
#1 15 percent VAT may be replaced by 2 percent CST, offering significant margin upside for IGL
#2 Assuming CGDs retain tax benefits, EBITDA impact Rs 1.36/scm (IGL) & Rs 0.36/Scm (MGL)
#3 Absolute benefit 22 percent (IGL), 4 percent (MGL)
#4 Indraprastha Gas: Neutral call, target price at Rs 225
#5 Mahanagar Gas: Buy call, target price at Rs 1,580
#6 Prefer MGL due to attractive valuation, leading volume growth & strong margin profile
Colin Shah, MD, Kama Jewelry
The gold crossing Rs 1,22,000 per 10 grams in the domestic market and $4,000/oz in the international market, is the new landmark set by the yellow metal. While concerns like geopolitical condition-induced uncertainties continues to linger, the key trigger behind the gold prices reaching a new high is majorly due to the shutdown of the US Government.
This trend might witness some correction and stability in the short-term, however, the price trajectory will continue to witness a steady hike due to global tailwinds.
In the short run, the prices will be around 4, 037/oz in the international market and 1, 30, 000/ 10 grams in the domestic market during the peak season. This has led to sinking effect on the global demand, particularly in the retail jewellery segment where the cost sensitivity is a factor of concern. Also, people are purchasing with caution and more focused on accumulating bullion to safeguard themselves against unprecedented volatility.
In the domestic market, the demand for lightweight 9 carat, 14 carat, and 18 carat jewellery are trending and will continue to do so, given the factors of affordability and festive buying. Parallelly, the conventional heavy jewellery has witnessed a slight slug, although temporary in nature and will spring back as we enter the winter wedding season.
Sensex Today | BSE Auto index slips 1%, breaks 5-day gaining streak
BSE Auto Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| UNO Minda | 1,313.70 | -3.85 | 44.25k |
| Tata Motors | 681.30 | -2.41 | 912.56k |
| MOTHERSON | 101.80 | -2.21 | 237.86k |
| Tube Investment | 3,138.35 | -2.17 | 8.05k |
| Sona BLW | 405.50 | -2.15 | 87.51k |
| M&M | 3,424.95 | -1.94 | 81.61k |
| Bharat Forge | 1,193.00 | -1.89 | 20.32k |
| Hero Motocorp | 5,510.00 | -1.85 | 12.60k |
| Bosch | 38,360.15 | -1.08 | 244 |
| Bajaj Auto | 8,810.00 | -1.05 | 5.19k |
| Exide Ind | 399.00 | -0.94 | 57.29k |
| Eicher Motors | 6,905.00 | -0.74 | 3.42k |
| TVS Motor | 3,490.00 | -0.57 | 4.02k |
| Maruti Suzuki | 16,016.70 | -0.56 | 11.01k |
| Ashok Leyland | 139.40 | -0.29 | 277.11k |
Sensex Today | Jefferies maintains ‘buy’ rating on Lodha Developers, target price at Rs 1,625
#1 Mumbai infra upgrade beneficiary
#2 Opening of Mumbai’s 2nd airport part of USD 80 billion city transformation
#3 Lodha’s 4,500-acre land bank well-placed; land values up around 8x in 4-5 years
#4 Strong Mumbai play & expansion to drive 20 percent pre-sales CAGR
#5 H1 weakness brings ex-Palava business to 2x EV/sales, attractive entry point
Sensex Today | Morgan Stanley keeps ‘overweight’ rating on Godrej Consumer, target price at Rs 1,413
#1 Q2FY26 updates in-line; strong performance in India & GAUM
#2 India performance in-line with estimates
#3 Indonesia revenue down low single-digits, volume slightly up
#4 GAUM sees double-digit growth for third straight quarter
#5 Management confident in full-year targets, expects stronger H2
Markets@3 | Sensex down 90 points, Nifty above 25000
The Sensex was down 90.83 points or 0.11 percent at 81,835.92, and the Nifty was down 53.70 points or 0.21 percent at 25,054.60. About 1597 shares advanced, 2168 shares declined, and 129 shares unchanged.
Advance/Decline (Intra-day)
;81,835.92-90.83(-0.11%)
Sensex Today | LG Electronics India IPO subscribed at 2.67 times at 2:48 PM (Day 2)
QIB – 1.63 times
NII - 6.31 times
Retail – 1.70 times
Employee Reserved - 3.63 times
Overall – 2.67 times
Sensex Today | The Card Company collaborates with DreamFolks
The Card Company, an RBI-licensed issuer of prepaid payment instruments (PPIs), today announced a strategic collaboration with Dreamfolks Services, for the launch of their Wallet product Alpha (α) — Wallet α is India’s first premium Wallet that directly integrates elite travel, lifestyle, and
entertainment privileges on PPI rails.
Sensex Today | Solar Industries bags order worth Rs 483 crore from Coal India arm
Solar Industries India was quoting at Rs 14,052.05, down Rs 93.70, or 0.66 percent.
It has touched an intraday high of Rs 14,227.15 and an intraday low of Rs 13,934.45.
It was trading with volumes of 3,306 shares, compared to its five day average of 9,972 shares, a decrease of -66.85 percent.
In the previous trading session, the share closed up 0.02 percent or Rs 2.25 at Rs 14,145.75.
The share touched a 52-week high of Rs 17,805 and a 52-week low of Rs 8,479.30 on 30 June, 2025 and 28 February, 2025, respectively.
Currently, the stock is trading 21.08 percent below its 52-week high and 65.72 percent above its 52-week low.
Market capitalisation stands at Rs 127,157.08 crore.
Sensex Today | Tata Capital IPO subscribed at 1.57 times at 2:39 PM (Day 3)
QIB – 2.50 times
NII - 1.65 times
Retail – 0.99 times
Employee Reserved - 2.69 times
Overall – 1.57 times
Sensex Today | Popular Vehicles to acquire business of R.K.S. Motor
Popular Vehicles' board of directors at its meeting held on October 8, 2025, has approved, the proposal for acquiring the business of R.K.S. Motor Private Limited, via slump sale on going concern basis at a lump sum purchase consideration not exceeding Rs 93,00,00,000.
Sensex Today | Jai Corp share price rises most in 5 weeks
Jai Corp was quoting at Rs 166.30, up Rs 22.40, or 15.57 percent.
It has touched an intraday high of Rs 169.70 and an intraday low of Rs 145.10.
It was trading with volumes of 2,337,841 shares, compared to its five day average of 77,460 shares, an increase of 2,918.12 percent.
In the previous trading session, the share closed down 1.20 percent or Rs 1.75 at Rs 143.90.
The share touched a 52-week high of Rs 401.00 and a 52-week low of Rs 81.27 on 05 December, 2024 and 09 May, 2025, respectively.
Currently, the stock is trading 58.53 percent below its 52-week high and 104.63 percent above its 52-week low.
Market capitalisation stands at Rs 2,918.65 crore.
Sensex Today | BSE Power index down 1%; BHEL, JSW Energy, Suzlon Energy, among top losers
BSE Power Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| BHEL | 238.55 | -2.59 | 351.96k |
| JSW Energy | 535.60 | -2.31 | 137.77k |
| Suzlon Energy | 52.96 | -1.96 | 7.64m |
| ABB India | 5,130.90 | -1.73 | 9.22k |
| NHPC | 85.30 | -1.38 | 419.37k |
| Power Grid Corp | 285.25 | -1.37 | 382.23k |
| NTPC | 333.65 | -1.29 | 875.20k |
| Adani Green Ene | 1,046.70 | -1.28 | 111.97k |
| Tata Power | 387.45 | -1.22 | 149.08k |
| Thermax | 3,153.65 | -1.12 | 1.75k |
Sensex Today | Titan Company's domestic business up 18% in Q2
#1 Domestic business grows 18%, YoY
#2 International business shows 86% growth, YoY
#3 Consumer business zooms 20%, YoY
#4 Jewellery business reports 19% growth, YoY
#5 Watch business increases 12%, YoY
#6 EyeCare segment registers 9% growth, YoY
#7 Emerging business clocks 37% growth, YoY
#8 Company adds 54 new domestic stores & 1 new international store during the quarter, expanding combined retail network presence to 3,377 stores
Sensex Today | ABB Global to divest robotics division to SoftBank Group
Sensex Today | Samvardhana Motherson down nearly 2%, client BMW issues profit warning owing to pressures in China
Markets@2 | Sensex gains 120 pts, Nifty above 25100
The Sensex was up 121.79 points or 0.15 percent at 82,048.54, and the Nifty was up 24.75 points or 0.10 percent at 25,133.05. About 1661 shares advanced, 2044 shares declined, and 148 shares unchanged.
NIFTY 50 Market Map
Results Today
Saatvik Green Energy, Mega Nirman and Industries, and Saptak Chem and Business will announce their quarterly earnings on October 8.
Sensex Today | LG Electronics India IPO subscribed at 2.35 times at 1:48 PM (Day 2)
QIB – 1.24 times
NII - 5.59 times
Retail – 1.58 times
Employee Reserved - 3.34 times
Overall – 2.35 times
Sensex Today | Tata Capital IPO subscribed at 1.48 times at 11:45 PM (Day 3)
QIB – 2.41 times
NII - 1.48 times
Retail – 0.94 times
Employee Reserved - 2.59 times
Overall – 1.48 times
Sensex Today | RBL Bank shares gain most in 14 weeks, hits 52-week high
RBL Bank was quoting at Rs 289.60, up Rs 16.05, or 5.87 percent.
It has touched a 52-week high of Rs 289.80.
It has touched an intraday high of Rs 289.80 and an intraday low of Rs 273.35.
It was trading with volumes of 814,183 shares, compared to its five day average of 575,012 shares, an increase of 41.59 percent.
In the previous trading session, the share closed down 0.83 percent or Rs 2.30 at Rs 273.55.
Market capitalisation stands at Rs 17,763.74 crore.
Sensex | Salzer Electronics granted patent for compact high-voltage safety device
Salzer Electronics has been granted a patent for its product titled “Disconnecting and Earthing Device for High Voltage Applications.” This patent recognizes Salzer’s innovation in developing a more compact, efficient, and user-friendly design for high-voltage disconnection and earthing systems.
It offers a significant reduction in size compared to conventional models, featuring an innovative contact design and installer-friendly wiring arrangements that enhance both safety and ease of use.
Currency Check | Rupee trades flat
Indian rupee is trading flat at 88.77 per dollar against previous close of 88.78.
Stock Markets LIVE Updates | Sensex recovers 380 points from day's low
SENSEX Recovery from Day's Low
| Company | CMP | High Low | Gain from Day's Low |
|---|---|---|---|
| Titan Company | 3,569.05 | 3,580.00 3,470.60 | 2.84% |
| Infosys | 1,494.15 | 1,497.50 1,455.00 | 2.69% |
| Tech Mahindra | 1,461.90 | 1,472.65 1,430.50 | 2.2% |
| TCS | 3,029.90 | 3,042.00 2,969.00 | 2.05% |
| Tata Steel | 172.85 | 173.65 170.10 | 1.62% |
| HCL Tech | 1,451.25 | 1,459.00 1,429.20 | 1.54% |
| Eternal | 340.40 | 340.75 335.95 | 1.32% |
| Bajaj Finance | 1,026.55 | 1,027.95 1,014.00 | 1.24% |
| Bharti Airtel | 1,952.30 | 1,962.50 1,928.90 | 1.21% |
| Adani Ports | 1,401.70 | 1,411.00 1,386.10 | 1.13% |
| HUL | 2,511.80 | 2,520.90 2,486.30 | 1.03% |
| Bharat Elec | 406.90 | 411.60 403.10 | 0.94% |
| Axis Bank | 1,184.25 | 1,193.95 1,174.30 | 0.85% |
| HDFC Bank | 982.40 | 985.95 974.55 | 0.81% |
| Larsen | 3,743.50 | 3,759.75 3,714.15 | 0.79% |
| Tata Motors | 690.30 | 702.25 685.45 | 0.71% |
| Bajaj Finserv | 2,019.00 | 2,036.25 2,005.00 | 0.7% |
| NTPC | 334.35 | 339.00 332.20 | 0.65% |
| ICICI Bank | 1,372.00 | 1,381.25 1,364.40 | 0.56% |
| Reliance | 1,372.25 | 1,389.70 1,364.90 | 0.54% |
Sensex Today | IIFL Home Finance appoints Girish Kousgi as MD & CEO and Tushar Kotecha as CFO: Bloomberg
IIFL Finance was quoting at Rs 489.60, up Rs 13.90, or 2.92 percent.
It has touched an intraday high of Rs 490.70 and an intraday low of Rs 470.85.
It was trading with volumes of 81,196 shares, compared to its five day average of 86,066 shares, a decrease of -5.66 percent.
In the previous trading session, the share closed up 1.34 percent or Rs 6.30 at Rs 475.70.
The share touched a 52-week high of Rs 538.15 and a 52-week low of Rs 280.95 on 24 July, 2025 and 04 March, 2025, respectively.
Currently, the stock is trading 9.02 percent below its 52-week high and 74.27 percent above its 52-week low.
Market capitalisation stands at Rs 20,807.54 crore.
Tata Capital IPO: A long-term compounding play backed by scale, governance, credit growth visibility
Tata Capital IPO: Brokerages view Tata Capital as a structural compounder which can steadily improve profitability as funding costs ease and synergies from the TMFL merger are realised -- a long-distance financial franchise, aligned with the credit demand that outpaces supply....Read More
Sensex Today | Asian markets end lower; Taiwan Weighted, Hang Seng down 0.5% each
Sensex Today | Sai Life Sciences in CMC partnership with Agility Life Sciences & Centrix Pharma
Sai Life Sciences, Agility Life Sciences, and Centrix Pharma Solutions today announced the launch of an Integrated CMC Partnership designed to provide innovator biopharma companies with end-to-end Chemistry, Manufacturing and Controls (CMC) services.
The collaboration combines the extensive CMC expertise of Sai Life Sciences in API development, Agility Life Sciences in formulation development, and Centrix Pharma Solutions in drug product development and clinical manufacturing.
Sensex Today | Nifty Media index down 1%, extends falls on third day
NIFTY Media Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Nazara | 265.85 | -2.94 | 350.07k |
| DB Corp | 262.20 | -2.18 | 42.20k |
| Sun TV Network | 573.00 | -1.84 | 76.97k |
| Saregama India | 463.70 | -1.64 | 50.31k |
| Dish TV | 4.83 | -0.82 | 2.42m |
| Zee Entertain | 111.74 | -0.58 | 2.88m |
| Hathway Cable | 13.98 | -0.36 | 793.64k |
| Network 18 | 51.85 | -0.19 | 1.30m |
| Tips Music | 556.85 | -0.14 | 46.63k |
Anindya Banerjee, Head of Currency & Commodity Research, Kotak Securities
As of October 8, 2025, USD/INR is trading at 88.77 on the spot market, showing little change for the day. Over the past week, the pair has exhibited limited volatility, likely due to central bank interventions aimed at containing sharp fluctuations.
Continued foreign portfolio investment (FPI) outflows suggest sustained demand for dollars, which could exert upward pressure on USD/INR; however, exporter dollar sales and active Reserve Bank of India (RBI) intervention are helping to cap the pair’s rise.
On the technical front, immediate resistance is seen near 89.00, with a more significant barrier around 90.00, while key support levels lie at 88.40 and 87.75. Globally, the US Dollar Index has strengthened, partly due to the weakness in the Japanese yen following the election of Sanae Takaichi as leader of Japan’s ruling Liberal Democratic Party.
Markets anticipate that her expansionary fiscal policies will reduce the likelihood of interest rate hikes by the Bank of Japan, resulting in the yen’s notable depreciation against the dollar. This, in turn, provides indirect support to USD/INR. Overall, the pair remains range-bound, influenced by domestic flows and central bank actions, while global currency dynamics, particularly a stronger US dollar, may provide additional upward support.
Sensex Today | HSBC keeps ‘reduce’ rating on Avenue Supermarts, target price at Rs 3,700
#1 Pricing comparison vs peers indicates shrinking differential
#2 Pricing remains D-Mart’s only moat vs other retailers
#3 Challenges in sustaining high same-store sales growth (SSSg)
#4 Valuation sensitive to SSSg, 1 percent rise equals 11 percent higher fair value
#5 Store addition growth may not offset muted SSSG
Markets@1 | Sensex, Nifty trade flat
The Sensex was down 32.20 points or 0.04 percent at 81,894.55, and the Nifty was down 28.55 points or 0.11 percent at 25,079.75. About 1615 shares advanced, 2067 shares declined, and 123 shares unchanged.
NIFTY 50 Recovery from Day's Low
| Company | CMP | High Low | Gain from Day's Low |
|---|---|---|---|
| Titan Company | 3,562.00 | 3,578.00 3,460.00 | 2.95% |
| Infosys | 1,484.90 | 1,492.60 1,455.00 | 2.05% |
| Tech Mahindra | 1,458.80 | 1,472.80 1,432.10 | 1.86% |
| TCS | 3,021.20 | 3,043.00 2,968.00 | 1.79% |
| Tata Steel | 172.71 | 173.63 170.06 | 1.56% |
| HCL Tech | 1,449.10 | 1,458.70 1,427.20 | 1.53% |
| Bajaj Finance | 1,026.85 | 1,027.00 1,012.05 | 1.46% |
| Max Healthcare | 1,140.90 | 1,147.40 1,128.00 | 1.14% |
| Shriram Finance | 669.40 | 673.30 662.00 | 1.12% |
| TATA Cons. Prod | 1,122.00 | 1,125.50 1,110.00 | 1.08% |
| Nestle | 1,170.10 | 1,175.70 1,158.60 | 0.99% |
| Bharti Airtel | 1,945.10 | 1,962.60 1,927.60 | 0.91% |
| HUL | 2,507.70 | 2,525.00 2,486.10 | 0.87% |
| Hindalco | 772.20 | 781.50 766.15 | 0.79% |
| Axis Bank | 1,183.40 | 1,194.80 1,174.10 | 0.79% |
| Trent | 4,668.00 | 4,746.00 4,632.10 | 0.78% |
| Bajaj Finserv | 2,019.60 | 2,038.20 2,005.00 | 0.73% |
| SBI Life Insura | 1,769.70 | 1,795.90 1,757.70 | 0.68% |
| Cipla | 1,499.70 | 1,519.30 1,490.80 | 0.6% |
| Wipro | 244.00 | 246.35 242.58 | 0.59% |
